Home / Questions / The most recent financial statements for Fleury Inc., follow.Interest expense will remain
The most recent financial statements for Fleury Inc., follow.Interest expense will remain constant; the tax rate and thedividend payout rate will also remain constant. Costs, otherexpenses, current assets, fixed assets and accounts payableincrease spontaneously with sales.
FLEURY, INC. 2011 Income Statement |
||||||
Sales |
|
|
|
$ |
743,000 |
|
Costs |
|
|
|
|
578,000 |
|
Other expenses |
|
|
|
|
15,200 |
|
|
|
|
|
|
|
|
Earnings before interest and taxes |
|
|
|
$ |
149,800 |
|
Interest paid |
|
|
|
|
11,200 |
|
|
|
|
|
|
|
|
Taxable income |
|
|
|
$ |
138,600 |
|
Taxes (35%) |
|
|
|
|
48,510 |
|
|
|
|
|
|
|
|
Netincome |
|
|
|
$ |
90,090 |
|
|
|
|
|
|
|
|
Dividends |
$ |
27,027 |
|
|
|
|
Addition to retained earnings |
|
63,063 |
|
|
|
|
|
||||||
FLEURY, INC. Balance Sheet as of December 31, 2011 |
|||||||
Assets |
|
Liabilities and Owners’ Equity |
|
||||
Current assets |
|
|
|
Current liabilities |
|
|
|
Cash |
$ |
20,240 |
|
Accounts payable |
$ |
54,400 |
|
Accounts receivable |
|
32,560 |
|
Notes payable |
|
13,600 |
|
|
|
|
|
|
|
|
|
Inventory |
|
69,520 |
|
Total |
$ |
68,000 |
|
|
|
|
|
|
|
|
|
Total |
$ |
122,320 |
|
Long-term debt |
$ |
126,000 |
|
|
|
|
|
Owners’ equity |
|
|
|
Fixed assets |
|
|
|
Common stock and paid-in surplus |
$ |
112,000 |
|
Net plant and equipment |
$ |
330,400 |
|
Retained earnings |
|
146,720 |
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
$ |
258,720 |
|
|
|
|
|
|
|
|
|
Total assets |
$ |
452,720 |
|
Total liabilities and owners’ equity |
$ |
452,720 |
|
|
|
|
|
|
|
|
|
|
|||||||
Complete the pro forma income statements below. (Inputall amounts as positive values.) |
FLEURY INC. Pro Forma Income Statement |
||||||||
|
15% Sales Growth |
|
20% Sales Growth |
|
25% Sales Growth |
|||
Sales |
$ |
|
|
$ |
|
|
$ |
|
Costs |
|
|
|
|
|
|
|
|
Other expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
EBIT |
$ |
|
|
$ |
|
|
$ |
|
Interest |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Taxable income |
$ |
|
|
$ |
|
|
$ |
|
Taxes (35%) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Netincome |
$ |
|
|
$ |
|
|
$ |
|
|
|
|
|
|
|
|
|
|
Dividends |
$ |
|
|
$ |
|
|
$ |
|
Add to RE |
|
|
|
|
|
|
|
|
|
||||||||
Calculate the EFN for 15, 20 and 25 percent growth rates.(Negative amounts should be indicated by a minus sign.)Show all work and formulas. |
|
15% |
20% |
25% |
EFN |
$ |
$ |
|
Dec 02 2019 Read more Less More
As shown in Table 16.2, $1,000 invested at 10 percent compound interest will grow into $1,331 after three years. What is the present value of $2,662 in three years if it...
Dec 05 2019Heat loss from a circular fin (Fig. 10D.1).(a) Obtain the temperature profile T(r) for a circular fin of thickness 2B on a pipe with outside wall temperature To. Make the...
Aug 06 2020Construction of a variable-area conventional axisymmetric nozzle has often been considered to make the operation of a rocket thrust chamber take place at the optimum expa...
Jul 23 2020The market for barley has the following demand and supply schedule. Price (RM) 100 200 300 400 500 600 Quantity demanded (tonnes) 7000 6000 5000 4000 3000 2000 (tonnes) 1...
May 04 2020For the theory section, show your work and do not round off your middle work. Keep your final answer to four (4) decimal places, where relevant.1. To compare whe...
Apr 02 2020Design member L2L3 of the truss shown in Fig. P4-20. It is to consist of a pair of angles with a -in gusset plate between the angles at each joint. Use A36 steel and assu...
May 25 2020Draw graphs showing the effects on action potentials in a postsynaptic cell of effective doses for each of the listed toxins. Assume that the cell is normally brought to...
Dec 19 2019Why do bulky end groups such as proteins or antibodies destabilise ordered coverage of self-assembled monolayers (SAMs)? How can you nevertheless successfully manufacture...
Jul 23 2020Do you agree with the following statement: Blocking - This assignment technique allows the researchers to determine what specific impact the variable in question is having...
Aug 24 2020The following answers point out the key phrases that should appear in students’ answers. They are not intended to be examples of complete student responses. It might be h...
Jan 27 2020Welcome to MyCourseHelp Services, World's leading Academic solutions provider with Millions of Happy Students.